Shore Capital Reiterates “Buy” Rating for B&M European Value Retail (LON:BME)

by · The Cerbat Gem

B&M European Value Retail (LON:BME – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a note issued to investors on Friday,Digital Look reports.

BME has been the subject of a number of other reports. Peel Hunt restated an “add” rating and issued a GBX 200 price objective on shares of B&M European Value Retail in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft decreased their price target on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Berenberg Bank cut their price objective on B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research note on Thursday, December 4th. JPMorgan Chase & Co. upped their target price on B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a report on Friday. Finally, Citigroup reduced their price objective on shares of B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 213.13.

View Our Latest Stock Analysis on B&M European Value Retail

B&M European Value Retail Stock Down 5.0%

Shares of LON BME opened at GBX 165.35 on Friday. The company has a 50 day simple moving average of GBX 165.13 and a 200 day simple moving average of GBX 205.11. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. B&M European Value Retail has a 1 year low of GBX 154 and a 1 year high of GBX 350. The firm has a market cap of £1.66 billion, a PE ratio of 6.69 and a beta of 1.05.

B&M European Value Retail (LON:BME – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share (EPS) for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. On average, research analysts forecast that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insider Activity

In related news, insider Tjeerd Jegen acquired 31,850 shares of B&M European Value Retail stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of GBX 155 per share, with a total value of £49,367.50. In the last quarter, insiders purchased 123,950 shares of company stock worth $19,757,500. 22.79% of the stock is currently owned by corporate insiders.

B&M European Value Retail Company Profile

(Get Free Report)

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.

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